Monthly Rent Report
West Loop Rent Report — October 2023
Asking rents in ZIP 60661, Chicago, from 60 listings.
Median 1BR rent in West Loop was $3,000 in October 2023, up 21.7% (+$534) from September 2023 and up 8.4% year-over-year. The middle half of 1BR listings asked between $3,000 and $3,000. That puts West Loop $1,525 above the Chicago citywide 1BR median of $1,475. The month's figures are based on 60 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,328 | +$437 (+23.1%) | +$131 (+6.0%) | $1,940 – $2,432 | 7 |
| Studio | $1,832 | −$59 (-3.1%) | −$365 (-16.6%) | $1,797 – $1,861 | 4 |
| 1BR | $3,000 | +$534 (+21.7%) | +$232 (+8.4%) | $3,000 – $3,000 | 1 |
| 1BR | $2,456 | −$10 (-0.4%) | −$312 (-11.3%) | $2,303 – $2,610 | 2 |
| 2BR | $3,200 | −$321 (-9.1%) | −$547 (-14.6%) | $3,200 – $3,200 | 1 |
| 2BR | $3,244 | −$277 (-7.9%) | −$503 (-13.4%) | $2,625 – $3,500 | 29 |
| 3BR | $5,678 | $0 (0.0%) | +$878 (+18.3%) | $5,678 – $5,678 | 1 |
| 3BR | $5,622 | −$56 (-1.0%) | +$822 (+17.1%) | $5,214 – $7,380 | 7 |
| 4BR | $7,500 | −$500 (-6.3%) | — | $7,500 – $7,500 | 2 |
| 4BR | $7,500 | −$500 (-6.3%) | — | $7,500 – $7,500 | 6 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
West Loop vs. Chicago — October 2023
| Bedrooms | West Loop Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,328 | $1,200 | +$1,128 (+94.0%) |
| Studio | $1,832 | $1,200 | +$632 (+52.6%) |
| 1BR | $3,000 | $1,475 | +$1,525 (+103.4%) |
| 1BR | $2,456 | $1,475 | +$981 (+66.5%) |
| 2BR | $3,200 | $1,800 | +$1,400 (+77.8%) |
| 2BR | $3,244 | $1,800 | +$1,444 (+80.2%) |
| 3BR | $5,678 | $2,450 | +$3,228 (+131.8%) |
| 3BR | $5,622 | $2,450 | +$3,172 (+129.5%) |
| 4BR | $7,500 | $2,575 | +$4,925 (+191.3%) |
| 4BR | $7,500 | $2,575 | +$4,925 (+191.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2023.